QVC Group, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Leases (Tables)

12 Months Ended

Dec. 31, 2025

The components of lease cost for the years ended December 31, 2025, 2024 and 2023, were as follows:

(1) Included within operating lease costs were short-term lease costs and variable lease costs, which were not material to the financial statements.

The remaining weighted-average lease term and the weighted-average discount rate were as follows:


	December 31, 2025		December 31, 2024		December 31, 2023
Weighted-average remaining lease term (years):
Operating leases	12.0		12.6		13.5
Weighted-average discount rate:
Operating leases	14.4	%	14.2	%	14.1	%

Supplemental balance sheet information related to leases was as follows:


	December 31,
(in millions)	2025		2024
Operating Leases:
Operating lease right-of-use assets	$	461	482

Accrued liabilities	27		27
Other long-term liabilities	460		475
Total operating lease liabilities	$	487	502

Supplemental cash flow information related to leases for the years ended December 31, 2025, 2024 and 2023, was as follows:


	Year ended December 31,
(in millions)	2025		2024	2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	93	87	90
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	1	15	133

Future payments under noncancelable operating leases with initial terms of one year or more as of December 31, 2025 consisted of the following: